AT&T Inc. (T) To Go Ex-Dividend on January 12th

AT&T Inc. (NYSE:T) announced a quarterly dividend on Monday, December 15th. Investors of record on Monday, January 12th will be given a dividend of 0.2775 per share by the technology company on Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, January 12th.

AT&T has decreased its dividend by an average of 0.1%annually over the last three years. AT&T has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AT&T to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 48.9%.

AT&T Price Performance

Shares of AT&T stock opened at $24.03 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The business has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $27.21. The stock has a market capitalization of $170.32 billion, a P/E ratio of 7.80, a PEG ratio of 1.42 and a beta of 0.38. AT&T has a 12 month low of $21.38 and a 12 month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts predict that AT&T will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Front Row Advisors LLC purchased a new stake in AT&T during the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. grew its stake in shares of AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares during the last quarter. GGM Financials LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of AT&T during the second quarter worth approximately $26,000. Finally, Kennebec Savings Bank raised its stake in shares of AT&T by 412.1% during the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after purchasing an additional 783 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.